Rise in customs duty from zero to 10-20%: Ericsson, Nokia say duty hike will hit gear making - Business News: Latest News & Videos about market and economy | Trendmergers

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Rise in customs duty from zero to 10-20%: Ericsson, Nokia say duty hike will hit gear making

“On one side, you want to increase manufacturing in India. On the second side, we don't have the local component suppliers and then we increase duty on some of the components which are coming in. It will not go well together... it is not beneficial for us with a large manufacturing set up. It requires a holistic review,” Malik said.

from Industry-Economic Times
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